Tuesday, April 21, 2009

Back in Black OR Using Cash to Stay Above Water

I already said I tried the jars and started to faulted when I couldn't be bothered to keep track of each cent. I think I teeter quite obsessively about this money thing (I write a blog about it.. for starters) and when I think it's getting to take too much time up, I halt it in its tracks.

Well, as I repeatedly run out of money before the month is up and I'm apparently having a hell of a time spending less than $100 a month on entertainment (I love Sushi!) I figured it was time to put a definite end to my new fun habit of "borrowing" money from the future months SO here I go!

I'm taking the money out on the 15th of each month, but this month's is prorated because of money I already blew. Principle's pretty easy.

- take out money
- put it in envelope with totals written on it (try to be a smidge neater then me)
- track purchases, change totals to reflect that. Keep receipts in envelope.

This seems good, as I can be a rule breaker (ex. Taking my April/May money out on the 12th, not 15th.) when I just want a cupcake or something but those little overages each month that I brush under the rug will really trip me up over the months. I have each dollar accounted for, and I can't make regular, mega payments on my loans if I falter for another video rental or gin and tonic. It's just not worth it.

While I'm at it, any ideas about cheap dates or food would be greatly appreciated!

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OSAP Repayment
Final Goal Date: Sept 2009

Started: May 2008
Finished: JUNE 2009!!

$0 .

TD Line of Credit
Final Goal Date: Sept 2012

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Finished: ??

Only $33,326 to go! .

$12000 in Emergency Savings
Final Goal Date: ASAP

Started: Jan 2008
Finished: ??

$12000 in savings .